The 10 Most Expensive ZIP Codes in Dallas

California and New York had the top two ZIP codes in the country, respectively – and seven of the top 10 – on the Forbes annual list of America's Most Expensive ZIP Codes. To find the priciest areas, housing market data provider Altos Research looked at listing prices for single-family homes and condos in 29,5000 ZIP codes across the United States (covering 95% of the population) to calculate a median, rolling average for a 90-day period that ended Oct. 9, 2015.

Dallas ranked didn't make it into the top 500 group the appeared on the Forbes list, but it was part of the analysis. The good news: The most upscale homes in Dallas, while still costly, are something of a bargain compared to some other locales. Using the data from Altos Research, we found the 10 most expensive ZIP codes in Dallas.

What It Costs to Live in University Park

The swankiest neighborhood in Dallas is University Park, ZIP code 75205, an area known for its attractive homes, beautiful parks and many churches. Founded in 1915, University Park is home to Southern Methodist University and the George W. Bush Presidential Center. The ZIP’s median home price is $2.3 million. At that price, buyers can find a good selection of 5,000-plus square-foot homes with at least four bedrooms and baths, many with gourmet kitchens, vaulted ceilings, multiple car garages and outdoor pools/entertaining areas.

The most expensive home on the market today is listed at $13.5 million. This contemporary three-story home offers nearly 11,000 square-feet of living space, with six bedrooms, 8.5 baths, an upgraded kitchen, two fireplaces, floor-to-ceiling windows, a nine-car garage, an outdoor pool with guesthouse and award-winning landscaping.

Dallas’s Priciest ZIP Codes

In addition to University Park, Dallas has one other suburb in the $1 million-plus range, as well as many that are priced at $600,000 and up.

Here are the Dallas metro’s top 10 most expensive ZIPs – from highest to lowest – along with the median home price, the average number of days on the market (according to the Forbes list). The median household income is from Esri (the Environmental Systems Research Institute), a company that provides maps, data and apps through geographic information systems.

1. 75205 – UNIVERSITY PARK

Median Price: $2,331,135

Average Days on Market: 139

Median Household Income: $116K

2. 75225 – UNIVERSITY PARK

Median Price: $1,613,538

Average Days on Market: 99

Median Household Income: $127K

3. 75209 – HIGHLAND PARK

Median Price: $924,250

Average Days on Market: 98

Median Household Income: $75K

4. 75230 – DALLAS

Median Price: $907,561

Average Days on Market: 97

Median Household Income: $74K

5. 75201 – UPTOWN

Median Price: $883,712

Average Days on Market: 148

Median Household Income: $78K

6. 75254 – NORTH DALLAS

Median Price: $798,912

Average Days on Market: 97

Median Household Income: $47K

7. 75203 – DALLAS

Median Price: $742,877

Average Days on Market: 50

Median Household Income: $27K

8. 75214 – DALLAS

Median Price: $663,670

Average Days on Market: 74

Median Household Income: $69K

9. 75219 – HIGHLAND PARK

Median Price: $646,038

Average Days on Market: 106

Median Household Income: $53K

10. 75220 – DALLAS

Median Price: $636,354

Average Days on Market: 177

Median Household Income: $36K

The Bottom Line

“Big D,” as Dallas is sometime called, is the second largest city in Texas (behind Houston) and the ninth largest in the United States overall. The city evolved in the 19th century as an oil and cattle center and has experienced a boom in recent decades from the banking, electronics, fashion and motion picture industries. Dallas is known for “big” everything – big hair, big cars, big boots, big houses. Compared to the cities that made the top of the Forbes list, Dallas is also home to big real estate deals: You’ll get a lot more house for your money in Dallas.